The Increase in Road Accidents has Led to a Higher Demand for Artificial Ligament Knee Surgery Market

What is Artificial Legament Knee Surgery?

Artificial ligaments are used to replace the damaged ligaments. In Damaged tendons or replacing ruptured ligaments in arthritis, road accidents, severe tendonitis, and severe injury artificial tendons and ligaments are prominently used. The artificial ligament is most commonly used in anterior cruciate ligament reconstruction. The ligament Augmentation and Reconstruction system is the prominent artificial ligament in ACL repair surgery. Ligament Augmentation Reconstruction or the ligament Reinforcement System is used as a synthetic graft for Anterior Cruciate ligament, and Posterior Cruciate ligament reconstruction as well as shoulder, knee extensor, hip tendon reconstruction, and ankle ligament reconstruction. The LARS device comprises polyethylene tetraphalate treated post-manufacture to remove fat and emulsion in the critical processing phase. It consists of two sections intra-articular section and intraosseous section. 

Drivers in Artificial Ligament Knee Surgery

Increase in the number of road accidents

The increasing number of road accidents over the world is augmenting the growth of artificial ligament knee surgery. In addition, the rising prevalence of sports injuries as a result of tendons and ligaments being permanently damaged are the factors that are stimulating the increment in artificial ligament knee surgery. Moreover, advancements in Research and development by the leading market players are projected to generate new opportunities in terms of revenue and growth of the market. The increasing expansion and merger among the international market players are anticipated to augment the market's growth in the forecast period.     

Increasing aging population

The growth in the geriatric population and rising demand for laparoscopy for patients are the aspects that are controlling the growth of the artificial ligament knee surgery market. 

Restraints in Artificial Ligament Knee Surgery

High Cost of artificial tendons and ligaments

In underdeveloped and developing countries lack of skilled professionals is one of the factors that is restraining the growth of artificial ligament knee surgery to some extent. Additionally, owing to the high price of artificial ligaments and tendons is one more hurdle in the growth of the market. Because of these restraining factors, the sales of expensive artificial ligaments and tendons are at their low.

Recent Developments

December 2020

FDA authorizes Marketing of New Implant to repair a torn ACL

Food and Drug Administration granted marketing authorization under the De Novo premarket review pathway for an anterior cruciate ligament implant intended to serve as an alternative to ACL reconstruction to treat ACL tear. Device Bridge-Enhanced ACL Repair Implant, unlike traditional reconstruction, does not require the use of harvested tendons for ACL repair and is the only currently available alternative to reconstruction with allograft, autograft, or suture-only repair for the treatment of ACL rupture.

Conclusion:

The artificial ligament is used to replace the damaged ligaments. The increasing geriatric population, rising road accidents, and increasing number of sports surgeries are the factors that are driving the market growth. But, the market is restrained due to the high cost of artificial ligaments and tendons, and the lack of skilled professionals in underdeveloped and developing countries. In  addition, the market players are focusing on the advancement in research and development is expected to generate new opportunities for the market in the forecast period.

Surabhi Bhaiyya  

Senior Research Analyst at Cognitive Market Research Surabhi Bhaiyya is an experienced market researcher focused on the Pharma & Healthcare industry. With over 7+ years of experience, She has worked with major phar…